It’s not all sunshine and roses, however, with economists still flagging rising inflation and a weakening labor market going forward.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The Social Security trust funds will only be able to pay out 77% of benefits by 2034, a new report from the administration found.
A plan to withhold all benefits until historical overpayments are recouped was scrapped in favor of a 50% rate.
It may be years before some Americans can get realistic estimates on payments from the beleaguered system.